Business • Family • Ownership
Family Enterprises
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Life insurance is a powerful tool for families with businesses when they want to move assets out of their family business and into the family’s hands.
You can do this tax-free through the Capital Dividend Account, which can be created through life insurance proceeds.
Business Owners
Start Up • Growing • Mature
Professional Corporations
Just Incorporated • Established • Retiring
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You can save a layer of personal tax by paying for your life insurance with corporate dollars. Cash is king in your business, lets keep it.
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Using your corporate entity to pay for your life insurance saves a layer of personal tax. At a high personal tax rate, this can save you a whack of cash per year.
High-income earners need to consider the expenses they can have inside the corporation, as corporate dollars are taxed much lower than personal dollars.
Life insurance is one of those expenses. Life insurance also grows tax-sheltered and is not taxed as a passive asset class. Tax savings everywhere.
